TVNewser Show TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

AOL’s Revenue is Flat, and That’s Good News

AOL reported their third quarter earnings today, and the good news for the company was that revenue was flat. We know, it doesn’t quite sound like a positive, but it is. It’s the first time in seven years AOL’s revenue didn’t decline. The company’s overall ad business was also up seven percent compared to 3Q 2011. Additionally, traffic to AOL’s sites increased four percent.

Now for the bad news. Domestic display revenue, which is vital to AOL, dropped three percent. With that, overall display sales dropped one percent.

Unsurprisingly, Tim Armstrong, CEO of AOL, considered it a solid earnings report. “We just reported the best relative revenue performance in seven years and the second consecutive quarter of year-over-year profit growth, exceeding our expectations,” said Armstrong, in a statement. “We have positioned AOL for growth in 2013 and beyond with consumer and advertiser demand growing for our premium content and innovative products, video, services and ad formats.”

Sponsored Post

Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.